List of Articles عقلانیت محدود

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  1 - Hypothesis testing of Heterogeneous agents using STAR model with multivariate transition function: A case study of Tehran Stock market
  Hassan Heidari Parisa Johari Salmasi Saeid Rasekhi Hamidreza Faaljoo
  In this study, in order to investigate the hypothesis of Heterogeneous agents in the Tehran Stock market and for examine empirically the importance of fundamental analysts and technical analysts in Tehran Stock market and the effects of macroeconomic variables on the sh More

  In this study, in order to investigate the hypothesis of Heterogeneous agents in the Tehran Stock market and for examine empirically the importance of fundamental analysts and technical analysts in Tehran Stock market and the effects of macroeconomic variables on the share of the decision-makers in the stock market, we have used Tehran Stock Exchange data and Iran's macroeconomic time series data to estimate the STAR model with multivariate transition function over the seasonally period 1376 to 1393. The results of the model indicate that the share of market fundamentalist analysts when high risk and high volatility in stock price indices in the market there is more than technical analysts. Economic growth also took a larger share of the market analysts use technical analysis agents Therefore market prices diverge from their fundamental value. Also during that industrial production in the economy increases fundamentalist analysts are dominant in the stock market and Prices gradually converge towards the base price Manuscript profile
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  2 - Behavioral Decision Making Pattern for Individual Investors In Tehran Stock Exchange
  M. Hossein Abdorrahimian Taqi Torabi S. Jalal Sadeghisharif Roya Darabi
  In accordance with the objectives, qualitative and quantitative composition was operated. The strategy also phenomenography in qualitative section, in-depth semi-structured interviews conducted with experts capital market and analyzed using content analysis methods that More

  In accordance with the objectives, qualitative and quantitative composition was operated. The strategy also phenomenography in qualitative section, in-depth semi-structured interviews conducted with experts capital market and analyzed using content analysis methods that eighteen components were identified. Whit this components the questionnaire of quantitative sectin was designed. A total of 400 questionnaires were distributed into available non random sampling and 275 completed questionnaires were collected. Data from the questionnaire using factor analysis to investigate and research the major issues such as cultural factors, cognitive, emotional, and personality were identified. Moreover, data through software SPSS and Amos Graphic using path analysis were analyzed. The results indicate that the most fundamental factor for the behavior of investors is culture. Cognitive bias etc. are precedence over emotional bias etc. (schema theory) alongside influence of personality, cause herding behaviors in the decision making private investors.   Manuscript profile